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April feeder cattle closed up $3.87 to $141.37 in the week ending Feb. 14, 2020, recovering from a January drop of over $9.
April live cattle rose 52 cents to $120.32 after hitting a four-month low midweek, and commercial traders were net long feeder contracts.
Early 2020 selling was pressured by trade and coronavirus concerns, but strong retail beef demand and commercial buying gave support near $135. Price direction depends on whether support holds.
dtnpf.comTregg Cronin DTN Contributing AnalystFeb 18, 2020Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
